Cons: Fewer features than ADP RUN; no 24/7 help. Intuit Online Payroll is a great option for small businessesâespecially those without prior payroll experience. It starts at $25 per month to manage paying employees and contractors, and rises to $39 per month to support federal and state tax forms.
A: In order to have a valid and binding legal contract, three elements are required: an offer, acceptance of that offer and consideration. Usually, the earnest money deposit will satisfy the third requirement, but consideration can also be where the seller takes the property off the market in reliance on the contract.
These legally enforceable promises may be in writing or oral. Either way, the formation of a legally binding contract requires two basic elements, consideration and mutual assent. This chapter will cover the issues and problems involved with consideration. We will cover mutual assent in the next chapter.